[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.03.13 11:33
• [Colin Electric and Intelligent Interconnection Reached Strategic Cooperation]
• Colin Electric and Intelligent Communication Technology Co., Ltd. recently signed a strategic cooperation and mutual procurement framework agreement in Colin Industrial Park, Shijiazhuang. Both parties announced that they will carry out in-depth cooperation around AI high-precision sensing products, charging piles, and new energy products, integrate their respective technology and market advantages, and jointly explore the global new energy market. Liu Guojun, General Manager of Colin Electric's Intelligent Electricity Business Unit, and Zhang Dong, General Manager of the New Energy Business Unit, attended the signing ceremony.Editor/Yang Meiling

• 2026.03.13 11:32
• [CEE6.9 billion centralized procurement and energy storage battery cells]
• China Electric Equipment Group recently launched a large-scale centralized procurement of energy storage batteries. The product purchased this time is 314 ampere hour lithium iron phosphate battery cells, with an estimated total purchase of approximately 19.80 gigawatt hours and a purchase amount of approximately 6.9 billion yuan. Based on this calculation, the purchase price of battery cells is approximately 0.3484 yuan/watt hour.Editor/Yang Meiling